PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608818

Primary Business Area

Financial Institutions Group

Disclosure Date

Aug 6, 2024

Country

Mali

Region

Africa

IFC Approval Date

Jun 12, 2024

Status

Active

Estimated Total Budget

$692,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Aug 7, 2024

Project Estimated Start Date

Jul 1, 2024

Project Estimated End Date

Jun 30, 2026

Project Description

The objective of this project is to support the development of SAMA Money’s products and services in Mali, and internationally. The proposed technical assistance will support a key player in the digital financial services ecosystem in Mali to fulfill its mission to serve more Malians excluded from the traditional financial system and its ambition to expand its outreach both nationally and internationally in several other fragile countries in Africa. The project will boost financial inclusion in rural, semi-urban and urban areas by providing underserved or conflict-affected population and SMEs with a broader range of tailored and affordable financial services, easily accessible from the SAMA Money’s platform.

Development Results

E&S Risks / Impacts and Mitigation